⚡ Flash Summary

Asim Textile Mills Limited held its Annual General Meeting (AGM) on October 28, 2025, where key resolutions were passed. The minutes of the previous AGM held on October 28, 2024, were confirmed and approved. The audited financial statements for the year ended June 30, 2025, along with the directors’ and auditors’ report, were approved and adopted. Additionally, Kreston Hyder Bhimji & Co. were re-appointed as external auditors for the financial year 2026, with the management authorized to fix their remuneration.

📌 Key Takeaways

• 🗓️ AGM held on October 28, 2025.
• ✅ Minutes from the October 28, 2024, AGM were approved.
• 💼 Audited financial statements for the year ended June 30, 2025, were approved.
• 🧑‍💼 Directors’ report was adopted.
• 🏢 Auditors’ report was adopted.
• 👨‍💼 Kreston Hyder Bhimji & Co. re-appointed as external auditors for FY2026.
• 💰 Management to fix auditor remuneration.
• 📜 Compliance with PSX Rule Book Regulation 5.6.9(b).

🎯 Investment Thesis

HOLD. The announcement primarily confirms procedural aspects of the AGM and approval of financial statements and auditor appointment. Without the financial details, it’s not possible to form a strong buy or sell opinion. A HOLD recommendation is appropriate until the financial performance can be assessed. Further analysis is needed to determine a price target.